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2014-05-14

Aéroports de Paris: Q1 2014 consolidated revenue

2.4% to €637 million) due
to decrease in de-icing fees and scope effect (mothballing of cogeneration
plant):

* Continued good dynamics in traffic (+3.6%) since Q4 2013
* Aviation: sustained growth of airport fees (+5.8%, to €206 million) driven
by traffic and tariffs increase, totally offset by the decrease in
ancillary fees (-19.4% to €45 million) linked to low de-icing activity
following an exceptionally mild winter
* Retail and services: growth of retail activities (+1.4%, to €85 million)
more than offset by the strong decrease in industrial services (-53.7%, to
€13 million) due to the mothballing in April 2013 of the cogeneration plant
resulting in a decrease in electricity sales (-74.0%, to €4 million)
* Real estate: impact of the indexation of rents on CCI down by 1.74% as of 1
January 2014
* Continued control over operating costs strengthened by a positive effect on
margins of no snowfall

Group revenue by segment:

--------------------------------------------------------------------------
|In million of euros Q1 2014 Q1 2013 2014 / 2013 |
|(unless stated otherwise) |
| |
| Pro forma |
|Aviation 376 375 +0.5% |
|Retail and services 224 234 -4.4% |
|Real estate 65 66 -1.6% |
|International and airport developments 16 22 -26.9% |
|Other activities 47 47 -1.0% |
|Intersegment eliminations (91) (91) -0.1% |
|Consolidated revenue 637 653 -2.4% |
| |
|Group traffic (in millions of passengers) 29 27 +7.1% |
|Paris Airports (CDG+ORY) 20 19 +3.6% |
|TAV Airports @ 38% 8 7 +15.6% |
| |
|Sales/PAX (€) 18.0 17.8 +1.1% |
--------------------------------------------------------------------------

Augustin de Romanet, Chairman and Chief Executive Officer of Aéroports de
Paris, said:

"The upturn in traffic observed since the beginning of the fourth quarter of
2013 continued over the first quarter of 2014, with a 3.6% growth in
passenger traffic at Paris airports. This growth did not translate into an
increase in consolidated revenue mainly because of an external effect
(decrease in revenue linked to de-icing activities, as a consequence of an
exceptionally mild winter) and a scope effect (mothballing of cogeneration
plant). Beyond revenue, our continued efforts on control over operating costs
and no snowfall had a positive impact on our margins."
A conference call will be held today at 9:00, CET

* From France: + 33 1 70 77 09 34
* From other countries: + 44 203 367 9453

Aéroports de Paris: Q1 2014 consolidated revenue - Financial Release
http://hugin.info/145257/R/1785030/611866.pdf
Aéroports de Paris: Q1 2014 consolidated revenue - Presentation
http://hugin.info/145257/R/1785030/611872.pdf
Aéroports de Paris: Chiffre d'affaires consolidé du T1 2014 - CP
http://hugin.info/145257/R/1785030/611902.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aéroports de Paris via Globenewswire

HUG#1785030

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